Tata Motors shares jump 2% after receiving order for 3,400 electric commercial vehicles
Shares of Tata Motors (TMCV) gained over 2% to their day's high of Rs 411 on the BSE on Monday after the company said it
Shares of Tata Motors (TMCV) gained over 2% to their day's high of Rs 411 on the BSE on Monday after the company said it has received orders for more than 3,400 electric commercial vehicles (eCVs) across freight, logistics and passenger transportation segments, underscoring the rising adoption of electric mobility in India's commercial transport market.The orders comprise around 2,000 small commercial vehicles (SCVs) and pick-ups, nearly 900 trucks and about 500 buses. These vehicles are set to be deployed across a wide range of sectors, including e-commerce, logistics, FMCG and FMCD distribution, mining, steel and cement operations, as well as inter-city and intra-city passenger transport.According to the company, the breadth and scale of these orders highlight growing customer confidence in electric commercial mobility solutions."Electric mobility in commercial vehicles is shifting from early adoption to large-scale deployment in India, with usage expanding across segments and real-world applications," Tata Motors said in a statement, adding that its broad electric vehicle portfolio is helping drive this transition.Also read: For long-term investors: Boring portfolio that wins difficult years; 5 large-cap stocks with upside potential up to 20%Over the past year, the company has strengthened its electric commercial vehicle lineup with products such as the Ace Pro EV, Ace EV and Intra EV in the small commercial vehicle category.
For heavier-duty applications, it has expanded offerings through the Ultra EV range, Prima EV 55T tractor and Prima EV 28T tipper.Its passenger mobility portfolio includes the Starbus EV and the Ultra EV bus range.Tata Motors said its electric mobility push is backed by substantial operating experience and continued investment in the segment. The company currently has more than 3,800 electric buses running across several cities, which together have clocked over 55 crore kilometres. It said these operations have generated valuable real-world data that is being used to further improve vehicle reliability, efficiency and lifecycle performance.The company also highlighted the growing presence of its small electric commercial vehicles, with over 17,000 Tata eSCVs currently operating on Indian roads.
According to Tata Motors, this demonstrates the readiness of electric commercial vehicles across different terrains and use cases.Read more: Jio Platforms' debut could give RIL top 2 slots in Indian m-cap leagueTo support wider EV adoption, the automaker said it has built a broader ecosystem that includes partnerships with
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